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beings now live in cities. what does that mean? more skryscrapers and congest 8? more detroits? we will look at the upsides and the downsides of an ever more urban world. we have a terrific panel that has some surprising ideas. >>> also les miserables. it turns out that the book by victor hugo is the all-time favorite novel of a middle eastern leader that the west counts as an enemy. i will explain. but first here's my take. we are watching a season of discontent in the world of young democracies. from egypt to turkey to brazil, protests, marches and, of course, one coup. as we watch the turbulence around the globe, i think about our own democratic journey and how interesting it is that the distinctive feature of the american system is not how democratic it is but rather how undemocratic it is. hear me out. we have three co-equal branches of government and the one with the final say on many issues, the supreme court, is composed of nine unelected men and women. the american senate is the most unrepresentative upper house in the democratic universe with the exception of britain's ho
motown hits a high note.... why detroit's bankruptcy is attracting investors.... in today's cover story... will compeition in the discount airline industry give a lift to ticket sales. plus... the ultimate people mover. tesla's ceo is out with a plan that will whisk you around the nation.. and.... low cost vacation could be right around the corner... first business starts now! you're watching first business: financial news, analysis, and today's investment ideas good morning! it's tuesday, august 13th. i'm angela miles. in today's first look: trending now in the market: tech stocks..news out of apple and blackberry motivated buyers.. making the nasdaq the only major indicies to end the session in the green yesterday gold up $23, oil: 18cents. it could turn in to a not so yummy day for yum brands stock. the company that owns kfc continues to see a decline of sales in china due to a chicken scare allegedly caused by suppliers breakng rules. and the latest data shows.. american workers are up to 10 days of vacattion from 8 -- back in 1993. but they are also getting less paid sick
. >> other playoff baseball the tampa bay rays lost to the angels. oakland beat detroit. braves won again and the pirates lost to the brewers. >> come on pirates. >> went 3 for 4, two rbis in my softball game. >> you laid down a couple doubles? >> i hit a couple, no one. >> did they bring out the respirator? >>> let's go to the u.s. open. 296th ranked victoria duval stunned samantha stoeser. it is her first win against a top 20 opponent. her family comes from haiti. her father was actually buried in the rubble in the earthquake three years ago and had to be dug out of the rubble. >> that's an incredible story. >>> more drama from the new york jets camp. the team signed former green bay packers quarterback. he was released after losing out to vince young in green bay for the number two spot. harrell expected to report with the team today. another quarterback joins on the jets roster. rex says he may not make anyone a starter until opening day, day of the game. bring in more quarterbacks. >>> still ahead on "morning joe" governor rick snyder joins us ahead of tomorrow's special show in detr
at detroit. it is essentially bankrupt. that was really the hub of american manufacturing. does that show, what they did, we can talk about policy issues, what make as good or a bad manufacturing environment. is the fact that detroit is doing poorly any reflection on manufacturing at all in the u.s.? >> the story has changed. we tell the history of manufacturing when it was. 50% of the world's manufacturing base. what is the story of manufacturing today? what is going on with companies trying to compete in a global economy? we don't shy away from that in the movie. we tell the companies, small companies, large companies, competing, making things here still today. the truth it has changed. david: vince i look at two cities. i look at detroit. detroit has highest tax rate and regulations than any other city in michigan, any other citizen. it has the worst public services. what it tells me more government is not the solution to this. you have to get government out of the way, and lower taxes. they hired bad mayors a lot of whom are in jail. they raised taxes and regulations. is there a messa
in detroit right now is cheap. you can buy a house there if you want, but no one wants to right w. all right. so go elsewhere. >> all right. is part of the solution credit? >> i thought that was how we developed alaska, incentivizing people out there. but the government's had a role of developing this country. the private sector is strong enough now to hale the for profit housing market. there is a way to make money from a lot. there's all of these funds that are buying dilapidated properties. however, when you have a situation that's uneconomic where there is no free market solution, that's when it becomes the role of government. when you've got a house that's dilapidated, it's not going to go away if it's worth nothing like in detroit, for example. otherwise it's like a manmade disaster like a dust bowl. we have to fix up our own mistakes we made. >> okay. john, you've heard it all. >> frannie and freddie are going away, why aren't you celebrating? >> i was just in france, and, believe me, they like texan wearing cowboy boots as much as i like them right now. we're pretty much even. the pr
in detroit. let's bring in now, former governor of pennsylvania, and nbc news political analyst, ed rendell, also editor in chief of "parade" magazine maggie murphy. the latest issue of "parade" is a labor day report on putting america back to work. let's jump right into it now. manufacturing is returning, about five, six, seven years ago, you start ed realizing tha the cost of producing products in china were going up, the labor prices were going up with fuel costs up, shipping costs a lot more, companies in america started reorganizing. yesterday an extraordinary story about the uaw and ford joining arms, locking arms, 20,000 new jobs coming to detroit right away. i mean, things are really turning around. and you look forward over the next decade, it speeds up. we've got an energy boom coming. the likes of which we haven't seen in 100 years. it's going to get much cheaper to make products in america. >> it's going to get cheaper and the other thing along with companies and sort of the economics that it's good to grow some stuff here, consumers now connect by u.s. products, u.s. jobs. down
, superheroes team up and head to detroit. batman, superman bringing millions to the motor city. but can they save the city in the brink? >>> and back in the saddle. ryan vickers return to the saddle after a brush with death. cnn "newsroom" starts now. good morning. i'm carol costello. thank you for joining me. a coalition to support military strikes on syria appears to be unraveling as a key ally backs away. britain's refusal to take part "the british aren't coming." the british aren't laughing. cnn's atika shubert is live in london. >> reporter: good morning. "cam down" from "the sun" and humiliated, "no to syria strike." and that's the main word throughout the headlines here, is humiliated. basically, it was a resounding defeat. there was a lot of emotion and anger in the house of commons, particularly directed towards opposition labor leader. you saw in "the independent," there was an expletive background to one reporter about the vote and what happened. and for that reason, there was a lot of anger in parliament last night. there were shouts of resign and shame. in the end, prime mi
? detroit, you got company, and unions, i think you peace of mind is important when you're running a business. century link provides reliable it services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next. 72 who says that detroit should have all of bankruptcy fun. neil: san bernardino, california, not far behind, city wants to crackdown on union benefits now way out of line, so out of line that city fears without the filing it will be finished, michelle fieldses said better to cramp down on unions now for their own sake as well as taxpayers sake. stuart acuff disagrees and said that the workers were promised their pensions, michelle, you think they have to do this now. >> any decision that takes power away from the union is a good decision, san bernardino was originally i middle class nice area, has turned into tons of foreclosures, and tons of poverty, the reason has to do with unions they got involved in the city council elections they put tons of money to ensure that union-backed piticians got elected and made s
, thank you katherine? detroit, you got company, and unions, i think you have trouble. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall clnt experience." 72 who says that detroit should have all of bankruptcy fun. neil: san bernardino, california, not far behind, city wants to crackdown on union benefits now way out of line, so out of line that city fears without the filing it will be finished, michelle fieldses said better to cramp down on unions now for their own sake as well as taxpayers sake. stuart acuff disagrees and said that the workers were promised their pensions, michelle, you think they have to do this now. >> any decision that takes power away from the union is a good decision, san bernardino was originally i middle class nice area, has turned into tons of foreclosures, and tons of poverty, the reason has to do with unions they
a community activist in detroit, only learned of the existence of the picture five years ago, and that's when a cousin recognized her in a catalog. this is her story, this her own words. >> i was 12 years old when that picture was taken of me on august 8th 1963. when my cousin called and told me that that picture was on a black history calendar, i didn't believe it. i couldn't imagine why a picture of me would be in a calendar with historic people. i junked stood there were injustices to people to people that looked like me, and it was hurtful for me 20 see that and know that, but i still had hope. >> i believed that what i do in my life today is largely cue to the august 28th march. it is just not right for people to suffer injustices. a community activist is somebody that goes oen the front lines to try to make the wrongs right, and make life better equality of life better for other people. >> the top wires are the higher vole age. you don't want vegetation on those. they are in violation. they must clear these lines because it puts your lives in danger. >> being a community activist in det
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detroit, america is in big trouble. that's our show. see you next week.dends to watch, and have a great night. lori: a very good evening thank you so much peer being with us, i am lori rothman in for lou dobbs. >> obama administration making its case for taking military action against syria, briefing lawmakers about their conclusion that syria government carried out a large scale chemical weapons attack, tonight we speak with fox news military analyst, general jack king on whether the president is justified in takes action. even without the backing of allies or the united nations. >> and questionsemain about our involvement in libya. and the terrorist attack in benghazi, we'll talk with larry ward, a group of special operation veterans who are calling on house speaker john boehner to create a appreciate committee to -- special committee t investigate the attack. >> and administration refusing to enforce a law it does not like, now giving states green light to adopt regulation legalizing small amounts of marijuana, dobbs lawakes up the case with our attorneys, ww begin with new o
: detroit, once a shining example of america's industrial might, now is full of abandoned and run-down derelict buildings. coming up details on a new multimillion-dollar effort to fight the blight in the motor city. >>> plus a new report says the economy might be taking a toll on teens. analysts are raising the possibility of a lost generation? we'll tell you why. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. jon: well right now in detroit a call for all hands on deck. city leaders asking residents to help save that bankrupt city and part of that means going street by street, building by dilapidated building, tearing the
of a financial crisis in the president's hometown going the way as detroit. >> could chicago fall victim to the same problems that caused the biggest municipal bankruptcy in u.s. history. >> how a predator from africa made its way in a family's apartment. >> one major provider telling folks that their coverage will be dropped as a direct result. we'll be right back. if you like your doctor, you will be able to keep your doctor, period. (applause) >> if you like your health care plan, you will be able to keep your health care plan, period. [ man ] look how beautiful it is. ♪ honey, we need to talk. we do? i took the trash out. i know. and thank you so much for that. i think we should get a medicare supplement insurance plan. right now? [ male announcer ] whether you're new to medicare or not, you may know it only covers about 80% of your part b medical expenses. it's up to you to pay the difference. so think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of w
donald's and other fast food chains. >> i was with them in detroit. >> you were probably out there with them. >> yes, i was. >> you were in detroit. they are pushing for higher wages because you were there and you know. they like the 15 dollar an hour mark there. no major changes yet because that was not the first strike. do you think a bigger change might be happening in the future? >> absolutely, richard. the thing that i've noticed is more and more government officials are joining these workers on the picket lines. we have had clergy, a lot of clergy with us that have been with these workers from the beginning in detroit. >> when will this break, though? >> i think that's a question that when you look at history, there's always been change. henry ford decided to make the five dollar day possible when nobody thought that was what autoworkers should earn. we have had janitors and security officers that were in minimum wage jobs that are now in living wage jobs because they joined together and said, we need to bargain with our employers to have wages that make sense, both for the employer and for wo
not turned his back on detroit and they see opportunity where others see a dying city and this is real money.
in detroit is a duty. it's an obligation. it's something that you have to want to do. >> it's good to come back and rekindle the energy and spirit that i felt 50 years ago. the fact that dr. king is no longer here as well as others who stood with him gives me the challenge to pick up where they left off, to keep things going, bringing my granddaughters with me is passing that legacy to them so they will keep doing what i've done, what they've done, to keep america to be a better place. [♪ music ]
. for example, if you were born in a detroit family in the bottom fifth of the income levels, you would have a 5% chance of making it to the top fifth. but if you were born in san diego, your chances are twice as good. why? we're going to get to the bottom of this. raj chetty is one of the authors of the study. he is an economist at harvard and won the macarthur genius grant last year. je jeff sachs is the author of "the price of civilization." megan mccartle is a journalist who has written for the atlantic and scott is a fellow at the brookings institution. welcome all. raj, what did you think as one of the authors of this fascinating study, what are the big takeaways that you get out of it? >> so the basic fact from this study is that there's a great deal of variation within the u.s. in rates of upward income mobility. so traditionally people often perceive the u.s. as the land of opportunity. as you were saying, recently people have become concerned that upward mobility is declining in the u.s. relative to other countries. what we're showing in this study is actually you should think about th
are from the same hymn sheet. i do want to talk about how new york could become detroit, this would be the first giant step toward it. stuart: if i were voting, it would be christine quinn amazing enough. at least she would keep charter schools going. charles: exactly. stuart: this guy built a company from the ground up. a real american success story. london liquidators. talking to ceo, tom sullivan. one of charles payne favorite picks. mr. sullivan is coming up. ♪ make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath? [ exhales deeply ] [ male announcer ] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth. folks have suffer
the challenges in front of detroit. >> yes, that was really good. that was really good. >> very nice work. >>> speaking of the consumer, kelly evans talked about it on the i yesterday. >> morning, yeah. >> not your father's volatility is the joking reference here but, in fact, there's quite a bit of important things happening below the surface. gdp report which showed 2.5% growth, critical. what we need to see is that kind of performance repeated in the second half of the year to support interest rates at these levels. look at what's been happening with regard to where we've seen more of the action lately. not in the stock market so much, and we can see the narrow trading ranges we've been in. the vix hasn't gone anywhere. the story is about the volatility, guys, in the bond market. there's a term for this that the fed uses and has been focused on lately. it's called term premium. the fact that we've moved on the ten year. the key interest rate which determines everything from mortgages to speaking the cost of finance across the economy, the fact that that's gone from below 1.7% to almost
. and i'll introduce you to someone who is bullish on detroit, despite all of the city's problems. all of that and more next on "real money with ali velshi." my name is ranjani chakraborty, i'm from houston, texas, and i'm an associate producer >>> hello again and welcome back. well, we are looking at some very strong storms down in parts of florida this evening. i'm going to show you on our weather wall. come over here, take a look down towards parts of florida right now. and really the thunderstorms that popped up especially over the gulf of mexico. we are starting to get a little bit of break in certain areas, but as you can see on the weatherern coast they are really still there, so it will be a stormy evening for many people across the area. we're also getting those pop-up thunderstorms in parts of georgia as well. atlanta you do have some delays at the airport atlanta, about 86. birmingham, 84, that's a little bit lower than average for you this time of year, but not over towards the west in shreveport. and in parts of new england -- first of all let's take a look at your five-da
and 24 later on. 1021 as the final 14 for 21 hits and 28 runs in their first games in detroit, go figure! >> reporter: bottom second bottom second four runs and five hits. rockies starter during a no-hitter through six and struck out buster posey. a double play but still a no no. giants to rallying for three runs in the eight the but the rockies win 524. >> reporter: blank the call tonight but the story is outfielder was benched in the middle of the game after the fourth ending for lack of physical play. watching him put the crowd. but after that manley did pull him out. kinney shoe maker with a better chance to win and they did win. >> reporter: taking a look at them latest issue of sports illustrated he has been on espn and of course of your 90s and-fan he looks so good at times/year is easy to forget he made just 10 career starts. >> he is a person that studies the gaining very impressed with how he goes about his job. he takes on a great responsibility as a quarterback. very much an acquisition of data want to know all of the details. some of the co-chair more oracle to come last. >>
, walking out of their jobs forcing the closure of at least one mcdonald's in detroit, protests took place in 1 14 many cities -- in many cities demanding pays to $15 an hour. my next guest said that conflict in syria creates a unfriendly environment for the markets despite some up lifting economic news today, welcome steven whiting. syria, a new worry that many investors are not app days pay theeing, how does it affect the market. >> it added to a range of concern, tapering issue by fed goes on and on. the general troubel that has been in emerging markets, trouble to get savings flows they had in past decade, a lot of turmoil in the currency markets. lori: why is that important? many are hitting multiyear lows right now? >> this is a big trend change, in last decade dollar fell in 8 out of 10 years through 2011, and domestic investors tried to move their money overseas are international investors tried to leave dollar-based assets but the dollar got cheap, a lot of things like pick up in crude oil supplies from united states, making effect of syria and other disruptions in the middle eas
, not realizing the techniques being used to get you not to care, you know. detroit is bankrupt today. detroit is also bankrupt today after decades of socialism. decades of social welfare state. detroit is the future of every american city. when i was a child growing up, american cities were our g treasure. today american cities are a wasteland. they're a wasteland because of welfare, they're a wasteland because of broken families. the tragedy that's going on in our inare cities and around the country, which will spread to the suburbs, where children are not raised correctly, don't have an education, don't see a future, where the family is broken from the beginning, these tragedies -- someone has to stand up and say this is the lie that began in the new deal. this is the lie of government dependence. don't be satisfied as young people to be told you're not needed. don't be satisfied to be told that somebody in china or anywhere else can do your jobs better than you can do them. but fight for this. and if you listen to the lie, socialism always comes on to help you, and then in the end it impri
for $250 million to amazon founder and ceo jeff bezos. will detroit have to sell its prized art collection to pay the bills? we'll have more on that and other stories in the final part of "worldwide exchange" right after this. >>> president obama heads to phoenix in arizona to continue his summer tour. he's expected to call on congress to back a bipartisan measure to shutter mortgage giants freddie mac and fannie mae. the president will also renew effort for sweeping mortgage refinancing legislation. >>> morgan stanley looking to sell a minority stake in the commodity business which evens three u.s. power plants and a pipeline. the reports say the bank has been shopping the u.nit for mor than a year. it isn't close to a deal. reports say the company isn't being pressed to sell the entire business, despite ownership of physical commodities. morgan stanley stock up .75% in frankfurt. >>> chevron will pay a $2 million fine stemming from the fire at its richmond, california, refinery last august. smoke from the fire sent hundreds of residents to hospitals with breathing problems. the blaze als
days of completely nice from detroit to chicago, new york city going to be right around 80. slightly below average for a lot of folks. >> dan and bianna's favorite time of the morning. what type of cloud is this? let's look at it. >> cumulonimbus. >> cumulonimbus is in there. see it on top. >> monsoonal flow. >> lenticular clouds. >> looks like a mushroom. has to do with a couple of things, stable air up and over the topography. >> we love learning. >> i'll try to get lenticular into a sentence. >> favorite time of the year. >> all right, thank you, ginger. >>> every year we see the picture, annual pageant of the running of the bulls in pamplona, spain, immortalized by ernest hemingway coming to america and not everybody is pleased. abc's aditi roy has more. >> reporter: it's epic. it's death defying and now the running of the bulls is coming to you. a great bull run inspired by the story pamplona arrives in richmond, virginia. organizers are holding events in georgia, texas, florida, california, minnesota, illinois and pennsylvania. the event first came to cave creek, arizona, in 20
his weight set and just lifts weights. >> do it alone. >> get out of our way. >> detroit free press, one of the largest -- >> did you see that. >> publicly owned muse seems may be the next victim of detroit's bankruptcy filing. christies will appraise the value of all city-owned items at the detroit institute of art. this is sad. >> it is. >> featuring works from van gogh and deyeahgo rivera. the request came from creditors owed $18 billion. >> the city manager said of detroit, the city manager said they're lazy, stupid -- >> there's a lot of people now accusing everybody and trying to get in the way of the bankruptcy filing. >> the "usa today," last year, 1.35 million kids went to the e for sports-related injuries. a survey says that equates to a hospital visit every 25 seconds. the report estimates those injuries caused more than $900 million last year. >> from our parade of papers "seattle times" prolonged use of high blood pressure medication may lead to an increase risk for breast cancer for older women. in a survey of 2700 women, the rate of breast cancer doubled among those w
'm flying to the upper peninsula of michigan. i got a long layover in detroit. i put four episodes of "breaking b bad" on my ipad and plan to watch it. later on this afternoon, lions' gate, monster beverage and priceline among others. some of the nation's retailers will report their monthly sales today. limited, gap and costco are among the biggest ones that still do. earlier this morning, real early, costco said its july comps rose 4%, just shif analysts' expectations. hurt by a stronger dollar that pulled in weak sales from overseas stores. >> jpmorgan says it is being investigated by criminal and civil divisions of the department of justice over offerings of mortgage-backed securities this is financial crisis stuff. the doj gave them notice that it had preliminarily concluded the firm violated federal security laws in offerings of subprime and alt-s a residential mortgage securities. the only thing that is bugging me about this story a lot is jpmorgan, and don't want to -- i don't feel like i need to be the defender of jpmorgan, i came to jamie dimon's defense a couple of months
detroit and birmingham county. those are not priorities. >> what should the white house do. what would dr. king say to barack obama today? >> he would be delighted that we have in him, president obama, the crown jewel of our struggle. he that done an incredible job making the case for a better nation. on the other hand, president obama would be in the asks i say, in the johnson lincoln lane, dr. king in the douglas lane appealing to the president. i think they need president obama to deem with the lyndon johnson moment. he gave us solid analysis, and appropriation and legislation. we need now, 30% black unemployment, we need appropriation and legislation to close these tremendous gaps. >> reverend jackson, we go back many years, thanks for being with us this morning. >> thank you, sir. >> i hope you enjoy your day down on the mall. >> indeed. >> coverage continues today on aljazeera and aljazeera.com. we will have special coverage from the lincoln memorial at 2:00 eastern time. >> we turn now to the weather situation across the country, where they are wondering what it is going to be like
food protest is under way at this hour. workers in new york, chicago and detroit have walked off the job
in new york this morning and spread across to cities like chicago, charlotte north carolina, and detroit. workers say they want to earn $15 an hour, nearly double the current minimum wage. lois is the history professor at cornell university, and she joins us now from ihnica new york. can you hear me now. >> obviously we are having a little difficult with our life feed there. question will try to come back to them later. the justice department says it will not sue the state's of colorado and washington to block them from legalized recreational marijuana use. instead, the government outlines its priorities for enforcing the laws including keeping pot out of the hands of minors and keeping the drug cart tells out. this leaves many trying to figure out how to make money off this newly legal industry. in abatement room, he gives us a small whiff of the future of big weed. >> we won some awards for this, if you smell it you will get -- blueberry cheesecake. >> this is a 500 square feet growing room, but his company is permitted for nearly 20 times that. we help provide over 10,000 patients wit
. there was no way we were going to learn that an inner-city detroit. i mean, if they said van gogh,, they would say that jackson and the van will go. so they had no idea. i made the executive decision. i would get on the bus and go downtown for a day after day, week after week, run through the galleries. listening to my portable radio, people thought i was nuts. a black kid in motown, i tried to convince him that the motown was about this. but i can always have enough information. well, the grand championship was between harvard and yale. yale demolish harvard. so, you know, i applied there and fortunately they accepted me with a scholarship. the year that i went there, the show went off here but i still got to be honored. years later i decided that i wanted to be a neurosurgeon. and so i wanted to go to this place which was johns hopkins. all the biggest names. but they only took two people year and how was i going to get to be one of them. well, i went for my interview, the fellow photo is in charge of the residency program was also in charge of cultural affairs at the hospital. we talked and som
day for many, and here's the next three days of completely nice weather from detroit to chicago. new york city going to be right >> so this is our favorite part of the morning. well, maybe not but it's a quiz. for dan and bianna. let's get to it and show you the picture. what type of cloud is this. >> as always i'll go with cumulonimbus. >> i go with mushroom cloud. >> perfect, you guys both have a part of it. cumulonimbus is in there. see it on top. this one is lenticular. air rushing up so quickly. look at that. >> so what is it again? >> pileus. >> all right. i'm going to use that in a sentence today. >> all right, thanks, ginger. >>> every year we see the pictures, annual pageant of the fearless, the reckless and the inebriated known as the running of the bulls in pamplona, spain, it's famous for its gory endings and it's been immortalized by now it's coming to america and not everybody is pleased. abc's aditi roy has more. >> reporter: it's epic. it's death defying, and now the running of the bulls is coming to you. a great bull run inspired by the storied pamplona event arrives
flesh wound thus far. in new york, l.a., detroit, cbs's audience in prime time, friday to sunday, is the same as it was a week ago. cbs just put this release out says it's been ahead in the ratings all season so a dip won't hurt it, and august is a slow month away. we had a chart on that, but cbs says its audience in the three blackout markets was up hugely for the golf championship. we have another chart on that. up 150% among all viewers, and even in local news from friday to sunday, ratings are up 9% in those three blackout cbs markets. now, that's because time warner cable doesn't have a hundred percent of the customer base in those three cities, and only reaches some of them. so far, liz, cbs not feeling any pain, and that means that this dispute could yet go on. we'll see what cbs says to the latest ala cart offer, really is a gauntlet thrown down here by time warner cable. liz? liz: i would think. i got two words for everybody, rabbit ears. >> yeah. liz: stunning, dennis. that was in the last hour, keep us posted on everything that's happening. as we mentioned, both stocks
in detroit to stand with those to make a difference in what was happening in the south. >> so you drove from detroit with your mom, came down here. what was this like? 50 years ago, when this mall was filled with, you were one of a quarter of a million americans. >> actually we took the greyhound bus. it was a wonderful experience. it was a very, very hot humid day but it was so incredible to see so many people fro all walks of life all standing together in unity after havg heard so many disturbances. buthere was no fr that there would be anything happening because everyone shared the same goal. >> well, it's 50 years later. it's your birthday again and now you came from detroit, drove from detroit, with your granddaughte granddaughters, why. >> i drove because i wanted my granddaughters to have the experience that i had 50 years ago. so they'll have the same kind of hope that i have for what we're facing in today's associate. >> what are your thoughts about this? you have seen the videos. you have talked to your grandmother. what are you looking forward to today? >> i'm looking forward to s
any wrongdoing in the matter. implications for detroit, a judge ruled the city of san bernardino is okayed for chapter 9. the biggest issue is pension costs, accounting for about 80% of its annual budget. at a nationwide strike of fast food workers is set for today. workers calling for higher wages. that's what this strike is all about. organizers are pushing for pay of $15 an hour, that's more than double the federal men mum wage of $7.25. joe. >> if you then said, okay, a third, we'll do that, but 40% of you will no longer have that. >> we're talking about. >> down that will work? if you said, okay, we'll do that, but only 40% of you will no longer have the job. >> i think they will be very unhappy. >> they'd say no, never mind. up next, currency itself, a rare studio appearance by bori boris schlassberg. it would be weird that someone mentioned we could be ike and tina. >> i was trying to keep that off if shelf. >> what investors can expect in september. "squawk box" will be right back. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alon
angeles, detroit, pittsburgh, eight cities in all, you will see something that you have likely never seen before. no programming. no sound. just a slate with a time warner logo and a scathing open letter, at least earlier there was a letter that you could see, that read in part, cbs has made outrageous demands for the programming that it delivers free over the air and online, requiring us to remove their stations from your lineup while we continue to negotiate for fair and reasonable terms. cbs called it a first. in case you're wondering, this whole fight is over something called retransmission fees. these are the fees that cable companies pay to broadcasters like cbs in order to get that content that they so desire and the content that viewers love. remember, too, it's not just cbs that's dark right now. cbs-owned premium networks like showtime and the movie channel are dark as well. today we are on the streets of new york, tv's number one market, to see how viewers are responding. take a look. >> i only heard about it because i went to watch "wet therapy" this morning on showtime and th
at this the video that is captured on highway outside of detroit. a michigan man and his truck and go airborne. it crashed into a creek. a student caught this on the video. he hit the and bake man and a guard rail. >> coming up on kron 4 morning news. amazing and video of trees being literally swallowed by a sink hole. we will show you how much trouble dr. phil can get 10 to and fewer tha >> we will show you how much trouble dr. phil can get into it is your than 140 trouble dr. phil can get into it is your than 140 characters. p[ female narrator: the mattress price wars are on the mattress price wars are on at sleep train. we challenged the manufacturers to offer even lower prices. now it's posturepedic versus beautyrest with big savings of up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years' interest-free financing. plus, free same-day delivery, set-up, and removal of your old set. when brands compete, you save. mattress price wars are on now at sleep train. ♪ your ticket to a better night's sleep ♪ >> breaking news just coming out of san francisco. police are
ohio and neighboring michigan has had all of these issues when it comes to detroit and funding its own system. in ohio i think you're somewhat underfunded. i think cnbc found you're in one of the positions they would be more worried about long term. isn't that to some degree pressing? >> i think they're both pressing. i think advocating for more transparency in government is important. to your point, the unfunded liabilities not just in ohio but nationally, it's an entirely different and i believe problem to a higher magnitude. we have to bear down as state treasures and governors and legislatures and have a conversation nationally about how to attack this problem. one of the main issues is that the rules the private sector has to live by are different from the rule the public sector lives by, and if we can apply more private sector accounting and private sector management to the government sector, i think these pension funds would be more healthy. the state treasurer in colorado has been very active on this. he's been working on congress to bring more transparency to public pensions a
've got to say, you cannot rob the people of detroit of the pension. they worked hard for these pensions. and let me tell you something, if we stand by what they take the detroit pension they will be taking our pensions. so don't think it will happen to us. if they can set a precedent, they will do it to us again. let me just tell you this. inequality is a scourge on our society. and yes, we're talking about low-wage workers making $7.25 an hour. we've got to do something about it. but there's the other side of that, the other side of that is that some people are doing pretty good. so between 1979-2007, a period, although less than 20 years, real income rose by 240% for those at the top 1%. it's a shameful thing. it is a moral issue. and we've got to fight back at this. let me tell you, our economy is capable of producing enough good paying jobs for everyone. [applause] our economy could do it. this economy can do it. but we can't do it while we're getting trade deals that are shipping our jobs overseas, that just leaned on us a few months ago for the south korea the other said it will c
is in detroit. caller: i am currently a student at wayne state university. the question is is college worth the cost. it is not i feel worth the cost. we are facing a situation where i -- i may not be able to pay for classes in the fall. even over an academic issue, but over the content -- contract i have with housing. i might be kicked out of school this semester. >> you have a conflict with what? >> with the housing right now. >> is that because it is too expensive or there are too many people in the housing unit? >> just filed for bankruptcy, detroit. they are trying to increase my tuition. housing is too much. foricole, thank you calling in and sharing your story. this was the subject of an article earlier this week, and they pulled him out about student loans. "more students rely than ever on federal student loans aid. "more students rely than ever on federal student loans aid. she covered today's speech by president obama and we spoke to her earlier earlier in the afternoon for her thoughts. what new ground did the calls forbreak in lowering college costs? >> this is a more expansive
wisconsin into lower michigan, holding together here for us, trying to make a run for detroit. so, maybe a little later this morning a few rumbles of thunder will be sneaking in there, and that's actually going to be the zone where we could be looking for some severe storms. anywhere in the red, central wisconsin back down across into portions of the upper ohio valley. we'll look for the main threats to be damaging winds and a bit of hail, but we can't completely rule out the isolated tornado either. south of all of that, it's the heat. that continues out there for us. we've got heat advisories, excessive heat warnings minneapolis down towards des moines. des moines's going to be a spot that we'll be talking temperatures getting up into the 100s, all thanks to this big ridge of high pressure that's in place. temperatures 10 to 20 degrees above average. so, that puts us well up into the 90s in many of these areas, and look at omaha, 100 degrees expected for today. so, a take it easy day in midwest. meanwhile, this big ridge is going to eventually slide into the south, so areas that have b
look close by at detroit. folks, that is a picture of where liberal, progressive ideas go. was america's premier city. highest per capita income in the country. it was the pride of our country in the auto business, with unions growing, higher taxes, more regulation, as you saw these liberal, progressive ideas that were supposed to help the poor and grow the middle class, what have we been left with in detroit? 40%.loyment about has it helps children get a better education? percent of children in the eighth grade read at the grade level. the prosperity that they talk about when a third of the buildings are empty? you have got 400 liquor stores, and until a few weeks ago, not one chain supermarket in what was america's premier city. state of illinois and california and other states that are following those policies are not close behind into some form of bankruptcy. ideas are being showcased all over the country. and you create more choices competition in education, people thrive, and children get a better education. [applause] liberals who are now for choice in education because they hav
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